Founded in 1979, SRD (Systems Research and Development) is a development company which has been closely involved for nearly four decades in developing Nintendo video game software, having worked on a slew of titles such as Breath of the Wild, Super Mario Maker, Super Mario Maker 2, Ring Fit Adventure, 1-2 Switch, and the recent Animal Crossing: New Horizons.

Completion of the Acquisition (exclusive of treasury stock) will serve to strengthen the management base of SRD and secure the availability of software development resources for Nintendo, in addition to facilitating an anticipated improvement in software development efficiency.

The Acquisition is expected to close on April 1, 2022, pending satisfaction of all relevant terms and customary closing conditions.